PT Raharja Energi Cepu Tbk
IIDX:RATU2,520.00
IDR
+30.00
(+1.20%)
PT Raharja Energi Cepu Tbk
IDX:RATU
(Indonesia Stock Exchange)
Recent
price
2,520.00
P/E
ratio
31.48
div
yld
- -
ROIC.AI
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
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in mil. unless spec.Quarterly Earnings Per Share
USD
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in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.- Similar Companies
- Business
- PT Raharja Energi Cepu Tbk, an upstream energy investment holding company, engages in the exploration, development, and production of crude oil and natural gas assets across Indonesia. The company operates primarily through participating interests in high-yield concession blocks, generating revenue through hydrocarbon extraction, lifting, and commercial distribution. Its core portfolio of products and services comprises the exploration, extraction, and sale of crude oil; the commercial production and supply of pipeline natural gas; the extraction and processing of liquefied petroleum gas (LPG); the production of condensate; the strategic acquisition and management of non-operating participating interests in upstream oil and gas working areas; and investment management for upstream energy appraisal, field development, and production infrastructure. The company’s strategic assets include an indirect 2.2423% participating interest in the onshore Cepu Block in Central and East Java via its 49% equity holding in associated entity PT Petrogas Jatim Utama Cendana; an 8.00% participating interest in the Jabung Block in Jambi, Sumatra, held through its subsidiary PT Raharja Energi Tanjung Jabung; and an indirect 20.00% participating interest in the offshore Madura Strait Block in East Java. In recent corporate developments, PT Raharja Energi Cepu Tbk completed its initial public offering on the Indonesia Stock Exchange in January 2025 under the ticker symbol RATU to support asset development and working capital needs. The company subsequently accelerated its upstream asset expansion through the strategic acquisition of SMS Development Limited, securing an indirect 20.00% participating interest in the natural gas- and condensate-rich Madura Strait Block operated by Husky-CNOOC Madura Ltd. In 2026, the company initiated the issuance of Shelf-Registered Bonds and Sukuk Wakalah I Year 2026 totaling Rp800 billion to finance debt restructuring, capital expenditures, and further upstream asset acquisitions. Strategically, the company is advancing a transition program to evolve from a non-operating participating interest holder into an active, independent oil and gas block operator. The company delivers its energy output to state-owned enterprises, domestic and international energy off-takers, national refineries, and regional industrial distributors across Indonesia. PT Raharja Energi Cepu Tbk operates as an upstream energy subsidiary of PT Rukun Raharja Tbk. Founded on October 16, 2006, and previously known as PT Syabas Usaha Migas and PT DSME ENR Cepu, the company is headquartered in South Jakarta, Indonesia.